Crypto Meme History: The Pink Wojak

I suppose this is as good a time as any. Bitcoin’s price continues to tumble and our faith has begun to shake; or has already shaken. There’s nothing quite like checking the market to see numbers dropping. For those of us that bought high, there’s a tinge of rage, regret, and anger. We’re only human. No one likes to see their investment devalue. And at the moment, there’s only one meme that can correctly personify how we’re feeling. The Pink Wojak; also known as the /biz/ Wojak.

The Pink Wojak is the embodiment of self-hatred and regret. The kind of sentiment one might have having bought Bitcoin nine months ago. Remorse that has you feeling like an anvil landed on your head. We’ve all felt it. Even if we didn’t purchase Bitcoin at $20k. When crypto is tanking, there’s no shortage of Pink Wojaks to scream for us. But it wasn’t always that way.

Figure 1. The Pink Wojak

Like many a great crypto meme, its origins lie elsewhere. Wojak, or “Feels Guy,” the Pink Wojak started out as a black and white MSPaint illustration of a bald guy with a sad expression. Originally posted in a 2010 Reddit AMA, Feels Guy slowly began circulating around the web on international forums and image boards. Used to express empathy, Feels Guy took a turn when it inevitably made its way into cryptocurrency circles. 

Figure 2. The Wojak or “Feels Guy”

During a market crash, specifically an Ethereum dump in June of 2017, a 4chan user posted a warped version of Feels Guy. Instead of expressing empathy and understanding, this time Feels Guy’s appearance had been warped; his head twisted, skin pink, screaming, while his eyes bled tears. Soon another Pink Wojak surfaced days later when ANTS, now NEO, began to tank. The meme caught fire. And the original content began to flow. 

Figure 3. The Birth of The Pink Wojak Meme on 4Chan

In almost no time, Pink Wojaks became the symbol of the market crash. There’s almost no need to look at graphs. You know bitcoin isn’t on the rise when you see a couple of these guys. They’re almost a market barometer all on their own. And lately, we’ve been drowning in a sea of ‘em. Here’s hoping that’ll change soon.

Figure 4. One my Personal Favorites, using the Binance puzzle verification

Carty Sewill

Carty is a graphic designer and cryptocurrency enthusiast based out California. He enjoys sci-fi, Seinfeld, and philosophy. See his work at his website

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